Bitcoin Mining Doesn’t Fuel Climate Change, it Benefits the Global Economy

The majority of bitcoin miners — about 78 percent — use renewable energy to power their mining operations, while preventing surplus electricity from going to waste in countries such as China, a new study by Coinshares has revealed. The U.K.-based digital asset management company argues that “bitcoin mining may in fact be acting as an electricity buyer of last resort,” contrary to the mainstream media construct of it being an environmental menace. Also read: Bitcoin Mining Start-Up Envion Ordered to Close by Swiss Court  ‘Buyer of Last Resort’ In its report,…

Bitcoin Mining Doesn’t Fuel Climate Change, it Benefits the Global Economy

Mining The majority of bitcoin miners — about 78 percent — use renewable energy to power their mining operations, while preventing surplus electricity from going to waste in countries such as China, a new study by Coinshares has revealed. The U.K.-based digital asset management company argues that “bitcoin mining may in fact be acting as an electricity buyer of last resort,” contrary to the mainstream media construct of it being an environmental menace. Also read: Bitcoin Mining Start-Up Envion Ordered to Close by Swiss Court  ‘Buyer of Last Resort’ In its…

BTC Price Aside, Bitcoin Fundamentals Booming

“Don’t Let The [Bitcoin] Price Distract You” Ardent Bitcoin advocate Anthony Pompliano, better known as “Pomp” in the cryptosphere, recently took to his well-followed Twitter soapbox to tout the fact that in spite of BTC’s price decline, the fundamentals of the network backing the asset are undoubtedly booming. Bitcoin’s fundamentals are strengthening. Don’t let the price distract you. The best performing asset in the last 10 years isn’t going anywhere.https://t.co/avY2WrA1q0 — Pomp 🌪 (@APompliano) November 30, 2018 Citing a recent installment of Off The Chain, a well-respected, crypto-centric newsletter headed by…

Hackers From North Korea Target Bitcoin Players

North Korea Still In Love With Bitcoin, Crypto Due to the decentralized, borderless, and censorship-resistant nature of Bitcoin and related technologies, North Korea, the world’s most well-known hermit state, has taken a liking to this decade-old innovation. But some would argue that North Korea has taken its crypto penchant a bit too far, with a multitude of reports indicating that the nation is leveraging cryptocurrencies for dubious financial gain. As reported by Ethereum World News in mid-October, Lazarus, a supposed North Korea-based hacker consortium, was found to be responsible for…

Russia to Get a Blockchain Logistics Platform in 2019

Russia to Get a Blockchain Logistics Platform in 2019 December 1, 2018 by Vladimir Litvinov Denmark’s transport giant Maersk in partnership with IBM plans to launch Russia’s first blockchain logistics platform for international cargo in 2019. The question for now is whether the system, or systems like it, can gain industry-wide adoption.  Also read: Daniel Larimer Spooks, Excites EOS Community with New Token Talk Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Maesrk, IBM Continue Blockchain Logistics Meld The blockchain will be originally launched as a pilot…

Why the Bitcoin Price Could Take a Very Long Time to Reach New Highs

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Throughout the past eleven months, the Bitcoin price has dropped from $19,500 to $3,000, by nearly 85 percent. The dominant cryptocurrency fell by 85 percent on average in its four past major corrections, so a similar drop from its all-time high was expected by many investors. But, according to Bitcoin and technology researcher Boris Hristov, this bear market could potentially last significantly longer than previous corrections. All Depends on…

Bitcoin BTC at 100k: The “Dark” Prediction by Max Keiser

Max Keiser, one of the most followed and controversial analysts and influencer of the crypto ecosystem, was recently interviewed by Bitcoinist. In the interview, he presented his vision about the future of cryptocurrencies and the reasons why he is optimistic and calm hodling in spite of the strong bearish trend of 2018. Max Keiser: Another Long-Time Bullish According to Max Keiser, the “panic” problem is because many of those involved in crypto did so during the 2017 bullish streak. However, for those who fall into the category of “early adopters,” the…

Bitcoin BTC at 100k: The “Dark” Prediction by Max Keiser

Max Keiser, one of the most followed and controversial analysts and influencer of the crypto ecosystem, was recently interviewed by Bitcoinist. In the interview, he presented his vision about the future of cryptocurrencies and the reasons why he is optimistic and calm hodling in spite of the strong bearish trend of 2018. Max Keiser: Another Long-Time Bullish According to Max Keiser, the “panic” problem is because many of those involved in crypto did so during the 2017 bullish streak. However, for those who fall into the category of “early adopters,” the…

Four Ways to Commemorate Bitcoin’s 10th Anniversary

On Jan. 3, 2019, cryptocurrency proponents the world over will commemorate Bitcoin’s 10th anniversary. While some will raise a glass to Satoshi’s decade-old accomplishment, others may choose to mark the occasion by acquiring a piece of memorabilia. Predictably, there is no shortage of companies lining up to hawk commemorative bitcoin baubles. Also read: Sirin Labs Launches Blockchain-Centric ‘Finney’ Smartphone Bitcoin Is Nearly 10 Again Bitcoin is so special it gets two birthdays a year. The first of these falls on Oct. 31, the date when Satoshi published his whitepaper, and the…

Amendments to Anti-Money-Laundering Regulations Will Tighten Crypto Regulation

The Estonian Ministry of Finance will shortly add amendments to a recently-passed financial bill that are meant to “tighten” crypto-related regulation, Estonian financial newspaper Äripäev reports Nov. 28. According to the article, a new version of the Anti Money Laundering (AML) and Terrorist Financing Prevention Act came into force this week in Estonia, conforming legislation to the EU’s so-called “Fourth Money Laundering Prevention Directive.” The regulation introduced this week reportedly introduces “virtual currency exchange service providers” and “virtual currency payment service providers,” while before there only was “alternative means of…